Boston Partners Reduces Stock Position in Belden Inc. (NYSE:BDC)

Boston Partners cut its stake in shares of Belden Inc. (NYSE:BDCFree Report) by 2.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,382,182 shares of the industrial products company’s stock after selling 39,668 shares during the period. Boston Partners’ holdings in Belden were worth $129,310,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. lifted its position in Belden by 8.0% during the 1st quarter. BlackRock Inc. now owns 5,317,303 shares of the industrial products company’s stock worth $461,382,000 after acquiring an additional 392,689 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Belden by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 4,398,989 shares of the industrial products company’s stock valued at $243,704,000 after purchasing an additional 48,838 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Belden by 4.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,555,571 shares of the industrial products company’s stock valued at $148,790,000 after purchasing an additional 67,942 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Belden by 0.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,504,292 shares of the industrial products company’s stock valued at $143,886,000 after purchasing an additional 14,137 shares in the last quarter. Finally, State Street Corp raised its position in shares of Belden by 1.6% in the 1st quarter. State Street Corp now owns 1,458,980 shares of the industrial products company’s stock valued at $126,668,000 after purchasing an additional 23,151 shares in the last quarter. 99.16% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Leah Tate acquired 1,550 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was acquired at an average price of $64.53 per share, for a total transaction of $100,021.50. Following the completion of the acquisition, the senior vice president now directly owns 3,360 shares in the company, valued at approximately $216,820.80. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.42% of the company’s stock.

Analyst Upgrades and Downgrades

BDC has been the topic of a number of recent analyst reports. Loop Capital cut their target price on Belden from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Monday, October 16th. The Goldman Sachs Group lowered their price objective on Belden from $106.00 to $91.00 and set a “buy” rating for the company in a research note on Friday, November 3rd. Truist Financial upped their price objective on Belden from $75.00 to $79.00 and gave the stock a “buy” rating in a research note on Friday, December 8th. StockNews.com upgraded Belden from a “hold” rating to a “buy” rating in a research note on Wednesday, December 13th. Finally, Fox Advisors downgraded Belden from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 13th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.60.

Read Our Latest Stock Report on BDC

Belden Trading Up 0.5 %

Shares of Belden stock opened at $75.22 on Friday. The company has a quick ratio of 1.95, a current ratio of 2.55 and a debt-to-equity ratio of 0.96. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 12.19 and a beta of 1.02. The business has a fifty day simple moving average of $73.82 and a 200-day simple moving average of $81.24. Belden Inc. has a fifty-two week low of $60.54 and a fifty-two week high of $99.13.

Belden (NYSE:BDCGet Free Report) last announced its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.02. The business had revenue of $626.81 million during the quarter, compared to analyst estimates of $628.00 million. Belden had a return on equity of 26.52% and a net margin of 10.16%. On average, equities analysts forecast that Belden Inc. will post 6.5 EPS for the current fiscal year.

Belden Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 9th. Stockholders of record on Thursday, December 14th were issued a $0.05 dividend. The ex-dividend date was Wednesday, December 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.27%. Belden’s dividend payout ratio (DPR) is 3.24%.

About Belden

(Free Report)

Belden Inc provides portfolio of signal transmission solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It operates in two segments, Enterprise Solutions and Industrial Automation Solutions. The Enterprise Solutions segment offers copper cable and connectivity solutions, fiber cable and connectivity solutions, interconnect panels, racks and enclosures, and signal extension and matrix switching systems for use in applications, such as local area networks, data centers, access control, 5G, fiber, and home and building automation.

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Institutional Ownership by Quarter for Belden (NYSE:BDC)

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